Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [SUMO] SUMOKOIN - 🔏 Digital Cash For High-Confidential Transactions 🔏
by
Kanati
on 10/08/2017, 08:28:30 UTC

These proposed "smart" implementations are nice and cool albeit geek stuff. However, it's pointless to have them if the primary use case (i.e. functioning as cash) is not allowed to gain a foothold first and foremost.

Yes, the idea was never for these suggested features to supersede nor be prioritized over the more fundamental features that you referred to in your post. The goal is to get some brainstorming going for additional features that can be added once the current dev roadmap goals are achieved.

Smart features could then follow thereafter...when Sumo will have achieved a relative degree of mass adoption.

I disagree, however, that smart features need to wait until a relative degree of mass adoption is achieved. I think cryptocurrencies are at a point where mass adoption will be easier to achieve if we can first convince the merchants to accept them, rather than try to convince users to buy with them. The latter of course would be preferrable, but it would take a long, long time. Mobile wallets and the other features you referred to, and which the dev's are working on right now, are extremely important for making use easier. But even if everyone wanted to pay using SUMO, it won't matter if the merchants don't trust that their coins will be safe in their wallet; they just won't accept any payments that way or, in a best case scenarion, they will accept payments but with a substantial additional fee applied on top of what they would regularly charge when using other, safer payment methods.

Ease-of-use features and safety features must go hand in hand in my opinion. We can convince thousands of people to use SUMO for payment, but it won't matter if no merchants feel confident enough to accept it. Convince 10 merchants to use sumo, on the other hand, and you automatically raise awareness of the coin and expose it to thousands or tens of thousands of potential buyers - at which point ease-of-use features would become critical if the users are to use the coin, so they must be ready.

Seriously? "Fake wallet/password"? What kind of cockamamie, spaced-out/space cadet concept is that? Have the top cryptos implemented such absurdity? Implementing an absurd feature that sounds cool for the sake of being cool and different does not really make it cool nor practical. If anything, I think you personally like to implement such a feature (if you can even call it that) in order to be able to skirt the law/buck the system ("plausible deniability"...) based on your argument above in favor of it.





 Cheesy Cheesy Cheesy Chill out dude. He was just throwing ideas. No need to be aggressive

My statement is a matter of fact and stating the obvious though in a rhetorical manner. Why is that aggressive? Or are you just getting defensive because I called out such absurdity? And why are you speaking for him? Are you his lawyer?

Absurd/silly ideas need to get shut down right off the bat (before it gets a foothold and drag on) to make room for sound and worthy ones. That said, please continue brainstorming. However, always keep in mind to not put the cart before the horse while in the process.






I would say that pretty well sums it up (a picture is worth a thousand words...)  Grin